> For the complete documentation index, see [llms.txt](https://docs.defindex.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.defindex.io/advanced-documentation/developer-introduction/what-is-blend-capital.md).

# What is Blend Capital?

## What is Blend? <a href="#what-is-blend" id="what-is-blend"></a>

Blend is a DeFi (decentralized finance) protocol that allows any entity to create or utilize an immutable lending market that fits its needs.

<figure><img src="/files/CR3TxcOf1cOL0nByiMcr" alt=""><figcaption></figcaption></figure>

#### What's a BLND token? <a href="#whats-a-blnd-token" id="whats-a-blnd-token"></a>

BLND is Blend's platform token. It is issued to protocol users and can be deposited in the backstop module to insure lending pools.